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May 9, 2013
05/13
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i hope we don't get anywhere near the debt ceiling limit. i hope we use the next few months to negotiate and reach an agreement that avoids any risk of hitting the debt ceiling. but until then i agree it is our duty to protect america's credit rating. i urge support of this measure. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. levin, is recognized. mr. levin: i now yield a minute and a half to mr. neal, another very distinguished member of our committee. the speaker pro tempore: the gentleman from massachusetts is recognized for 1 1/2 minutes. mr. neal: i ask unanimous consent to revise and extend my remarks. thank you, madam speaker. the speaker pro tempore: without objection. mr. neal: madam speaker, i stand in opposition to the republican proposal today to pay china first. now, i any there is another way we can describe this legislation from our republican friends and it would go like this. let's balance the budget when bill clinton's president and let's balance the budget when
i hope we don't get anywhere near the debt ceiling limit. i hope we use the next few months to negotiate and reach an agreement that avoids any risk of hitting the debt ceiling. but until then i agree it is our duty to protect america's credit rating. i urge support of this measure. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. levin, is recognized. mr. levin: i now yield a minute and a half to mr. neal, another very distinguished...
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May 9, 2013
05/13
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debt ceiling, september, october, is it going to be a crisis when it comes up? and if so, do you actually need it -- is it going to be needed as the trigger to force the talks? >> yes. it is going to be a crisis and it is needed? >> yes. every single one of the half dozen proposals that worked to reduce spending in congress in the last three decades has come out of this same process. >> steny hoyer. you've been in this town as long as rob portman, perhaps longer. you agree with his analysis that the debt ceiling fair or not has been the trigger to force these big deals when they happened? >> i agree with him that i think historically there has been surrounding the debt ceiling from time to time other issues that have been associated with the debt limit in terms of consideration. what i don't agree with him is that this is analogous to other situations. after all, for the first time in 2011, when they took us to the brink, they being the republicans, took us to the brink of default, that was the first time in history that we had been downgraded, the first time th
debt ceiling, september, october, is it going to be a crisis when it comes up? and if so, do you actually need it -- is it going to be needed as the trigger to force the talks? >> yes. it is going to be a crisis and it is needed? >> yes. every single one of the half dozen proposals that worked to reduce spending in congress in the last three decades has come out of this same process. >> steny hoyer. you've been in this town as long as rob portman, perhaps longer. you agree...
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May 6, 2013
05/13
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the debt ceiling, he wants to talk about that, he wants to talk about taxes, we're happy to do that, but let's do it in the context of regular order. that's what we should be doing around here. my friend from texas, -- from texas is like the school yard bully. he pushes everybody around and is losing, and instead of playing the game according to the rules, he not only takes the ball home with him but changes the rules. that way no one wins except the bully who tries who indicate to people he has won. we're asking republicans to play by the rules and let us go to conference. i don't think it takes a lot of wizardry to figure out that we know how the american people feel about what they want done with this country. they want us to get on a pathway of growth and economic vitality that has been hindered. now, the republicans have one -- they have things they want to do, we have things we want to do. why can't we sit down as reasonable men and women and work out our differences? that's what a conference is all about. so i object to what my friend suggests. it's actually fairly ridiculous,
the debt ceiling, he wants to talk about that, he wants to talk about taxes, we're happy to do that, but let's do it in the context of regular order. that's what we should be doing around here. my friend from texas, -- from texas is like the school yard bully. he pushes everybody around and is losing, and instead of playing the game according to the rules, he not only takes the ball home with him but changes the rules. that way no one wins except the bully who tries who indicate to people he...
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May 9, 2013
05/13
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we lifted the debt ceiling but the discussion of it lowers the credit rating. we can't go through that again. the hopes is we put an end to the sillyness. let's go the table. what are they afraid of? are they afraid of the public seeing what they have in the budget and how it contrasts to the values than the senate's budget? have the public see it. remember to write home, buy presents, flowers, candy, chocolate candy because, as you know, sunday america's families will celebrate mother's day. what do we do for that? gift.e mothers not a good less work and less pay. it gives less flexibility to working people, more discretion to their bosses. here's what the bill does. it ends the 40-hour work week. it cuts pay for women, undermines the economic security of the middle class, gives interest-free loan, paid for by the workers wages in unused comp time to the company. i mean, what we should be doing s enkting the woman's economic agenda. accessable child care, very important to working moms at every level, every economic level. expanding leave. fairnessf the payche
we lifted the debt ceiling but the discussion of it lowers the credit rating. we can't go through that again. the hopes is we put an end to the sillyness. let's go the table. what are they afraid of? are they afraid of the public seeing what they have in the budget and how it contrasts to the values than the senate's budget? have the public see it. remember to write home, buy presents, flowers, candy, chocolate candy because, as you know, sunday america's families will celebrate mother's day....
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May 8, 2013
05/13
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also today we are expecting the house to begin consideration of a debt ceiling bill that would have the government continue to make social security payments and interest payments to bondholders, even if the government has reached the debt ceiling. the white house yesterday issued a veto threat against the legislation. live coverage again of the house here on c-span. and the senate this week is considering legislation dealing with army corps of engineers' water projects. number of amendment votes expected today. follow the debate on c-span2. and over on c-span3, after that joint meeting of congress, hearing on the attack last year on the u.s. consulate in benghazi, lib why. tuesday, department officials previously posted there in libya as well as the department's acting head of counterterrorism are set to testify. that's set for 11:30 eastern on c-span3. as we mentioned south korea's president addressing a joint meeting of congress coming up this morning. 10:30 eastern. yesterday she held a joint news conference with president obama. we'll show you as much of that as we can until the joi
also today we are expecting the house to begin consideration of a debt ceiling bill that would have the government continue to make social security payments and interest payments to bondholders, even if the government has reached the debt ceiling. the white house yesterday issued a veto threat against the legislation. live coverage again of the house here on c-span. and the senate this week is considering legislation dealing with army corps of engineers' water projects. number of amendment...
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May 8, 2013
05/13
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treasury to pay bond holders if the debt ceiling is reached. for more about the bill, we spoke with a capitol hill reporter. >> tax reporter for politico joining us from capitol hill. what's the purpose of this bill? >> gives the government to pay its bond holders in the case of the government or congress didn't increase the debt limit in time so you would avoid a default. >> what authority does the treasury department get under this bill? >> it would allow them to pay bond holders, which is where the democrats are coming in and saying those chinese bond holders own our debt. but given the treasury ability to keep paying bond payments and stop a default on our debt, which is where you get into issues if you default versus paying out bond holders to avoid that. >> you mentioned the democrats called for paying off our debt and the chinese and they have been calling it the pay china first bill. what is the reasoning for doing that? >> a lot of our debt is held by the chinese and paying off our bond holders they are going to prioritize payments to
treasury to pay bond holders if the debt ceiling is reached. for more about the bill, we spoke with a capitol hill reporter. >> tax reporter for politico joining us from capitol hill. what's the purpose of this bill? >> gives the government to pay its bond holders in the case of the government or congress didn't increase the debt limit in time so you would avoid a default. >> what authority does the treasury department get under this bill? >> it would allow them to pay...
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May 5, 2013
05/13
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ceiling is notbt about increasing the debt, it is about -- guest: the debt ceiling is not about increasing the debt, it is about paying the debt we have already incurred. when the issue comes up they say that we risk of defaulting on that debt, which would crash the economy. host: let me get back to syria, which mentioned. we only talked about it briefly. this is from "the new york times." the talk about the off the cuff line from obama on syria. what is next, now that the chemical weapons are out there, the white house is in a bit of a pinch on this? guest: they really are. a fascinating piece from the times, what worked out behind the scenes were not exactly what the president was doing. as they found in the press conference on tuesday, but knowing more about the chain of custody this is not about boots on the ground. no one wants that. even the syrian opposition does not want boots on the ground. really they want a no-fly zone and more sanctions to isolate the regime. host: does this have the potential to derail the agenda? guest: absolutely. foreign policy is always an x factor. in hel
ceiling is notbt about increasing the debt, it is about -- guest: the debt ceiling is not about increasing the debt, it is about paying the debt we have already incurred. when the issue comes up they say that we risk of defaulting on that debt, which would crash the economy. host: let me get back to syria, which mentioned. we only talked about it briefly. this is from "the new york times." the talk about the off the cuff line from obama on syria. what is next, now that the chemical...
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May 5, 2013
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the debt ceiling is coming up again within a couple of months. guest: the way things happen in washington, when we go into crisis mode, everybody hates this, but it is the way it has worked out. we get up to the point of defaulting on the national debt or the government shuts down. really, the republicans havmore government by crisis mode, but it really does not help anyone. at a certain point the public stops paying attention and brushes off washington as a bunch of incompetent idiots. on sequester, the latest jobs report, unemployment is still high, but it went down to 7.5%. on a huge impact sequestration, but economists are saying that they could see that and maybe that will contribute to the sense of crisis. host: arthur is on the line from new york city. thank you for waiting. caller: i must -- obamacare, a surly 26-year-old's are a good policy, but in reality it is a disaster. iny of my colleagues are their late 50's or are retiring. hospitals are buying up all the practices. they are totally inefficient at delivering care and there will be
the debt ceiling is coming up again within a couple of months. guest: the way things happen in washington, when we go into crisis mode, everybody hates this, but it is the way it has worked out. we get up to the point of defaulting on the national debt or the government shuts down. really, the republicans havmore government by crisis mode, but it really does not help anyone. at a certain point the public stops paying attention and brushes off washington as a bunch of incompetent idiots. on...
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May 1, 2013
05/13
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it was electable when the debt ceiling compromise was announced back in -- predictable when the debt ceiling compromise was announced back in 2011. i think this is going to be painful, but the way to prevail is not to compromise on every single thing. said he did not like it but would sign it. done this, he could have made a point that we are all in this together. it was a stupid idea and we have to fix it. host: npr reported yesterday that the sequester has put some needing housing aid back to square one. ?uest: can you imagine people wait for vouchers, a ticket to a little bit of stability. it is already a tough process, and then you get it, and it is taken away from you. lotteries to take kids out of head start -- i do not think we understand how fragile the system is, yet we are putting away at a -- cutting away at it even as it is so tiny. also, down the road there will be job losses. democrats never adequately explained the role of government in setting the preconditions for the rise of the middle class in the 1950's, the 1960 plus in the 1970's. the republicans like to say gov
it was electable when the debt ceiling compromise was announced back in -- predictable when the debt ceiling compromise was announced back in 2011. i think this is going to be painful, but the way to prevail is not to compromise on every single thing. said he did not like it but would sign it. done this, he could have made a point that we are all in this together. it was a stupid idea and we have to fix it. host: npr reported yesterday that the sequester has put some needing housing aid back to...
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May 7, 2013
05/13
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ceiling. the presiding officer: is there objection? mrs. murray: madam president, reserving the right to object, and i will in a moment, we considered over 100 amendments on the floor. all of those kinds of amendments were brought up, debated and considered as part of the resolution, as we do on any debate, so there is no need to go back and redo all of our amendments again, so i would object and ask simply again our u.c. to move forward to conference so we can discuss all of these issues in regular order. the presiding officer: objection is noted. is there objection to the original request? mr. mcconnell: i object. the presiding officer: objection is heard. ms. landrieu: madam president? the presiding officer: the senator from louisiana. ms. landrieu: can i be heard for three minutes on this subject? the presiding officer: without objection. ms. landrieu: thank you. madam president, this is very disturbing that the minority leader has objected taking the budget to conference because it's the
ceiling. the presiding officer: is there objection? mrs. murray: madam president, reserving the right to object, and i will in a moment, we considered over 100 amendments on the floor. all of those kinds of amendments were brought up, debated and considered as part of the resolution, as we do on any debate, so there is no need to go back and redo all of our amendments again, so i would object and ask simply again our u.c. to move forward to conference so we can discuss all of these issues in...
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May 5, 2013
05/13
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we hold up the debt ceiling a bunch of times. it seems right. it seems right to me in this concern about the deficit that wasn't there for all those years that they had the presidency? >> if the republicans shed a bunch of cultural issues, though, is it not possible that they could take the presidency have this huge advantage in the house of representatives and then can you imagine a scenario where, say, the economy falls back into recession between now and 2024 and revenues are down and the debt is larger than projected? i don't think it's inconceivable. maybe not the ryan plan. >> i mean, i think -- you know, the republicans do have to figure out a way how to actually sell getting the deficit under control, right? i mean, it still isn't a sexy issue. there's still not a real connection that americans have reducing the deficit and jobs, right? and maybe you've had a party, i think, that used to be the party of big ideas. now it just seems to be the party -- a very effective party at stopping things in washington, but i think so far, they still
we hold up the debt ceiling a bunch of times. it seems right. it seems right to me in this concern about the deficit that wasn't there for all those years that they had the presidency? >> if the republicans shed a bunch of cultural issues, though, is it not possible that they could take the presidency have this huge advantage in the house of representatives and then can you imagine a scenario where, say, the economy falls back into recession between now and 2024 and revenues are down and...
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May 5, 2013
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but we have immigration and there's another debt ceiling fight, right on the horizon. so we'll see how he gets through this. but, you know, presidents go through this at the beginning of their second terms. you saw it with bush, you saw it with clinton. so we'll see how he navigates this, really. 2014 is right around the corner. and that seems to be a deadline. >> alahai, organizing for action, the former obama campaign machine, it was going to use its clout to try to move the president's agenda forward. but according to politico, group failed at its first major effort, the senate's gun legislation. quote, the group didn't sway a single vote for the background check proposal and so far it has not been able to make any of those who voted against it feel any heat. what's happened to ofa? >> well, gun control is a very interesting first issue for them to try and tackle, because they're going against the gun lobby, like the nra, and their ground game has been perfected over the years. they're not just a well-funded lobby. they've got a passionate base of supports and membe
but we have immigration and there's another debt ceiling fight, right on the horizon. so we'll see how he gets through this. but, you know, presidents go through this at the beginning of their second terms. you saw it with bush, you saw it with clinton. so we'll see how he navigates this, really. 2014 is right around the corner. and that seems to be a deadline. >> alahai, organizing for action, the former obama campaign machine, it was going to use its clout to try to move the president's...
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May 4, 2013
05/13
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you have the debt ceiling coming at us now. the sequester continues to be the rusher in the back room that will force people into an agreement, i hope, on the bigger issue of entitlement reform. senator conrad? >> i agree with that entirely. it was designed to be a forcing mechanism. i think over time it will prove to be one, especially with the need to extend the debt limit. that creates an opportunity. the great thing about washington is opportunities keep coming around. shame on us if we do not take advantage of some of these opportunities to get the job done. but we would be so much better off if we took some more balanced approach, because so far what we have been doing is just holding onto the discretionary side of the house and that is the part of the budget that is shrinking. how about addressing a part of the budget that is growing and growing dramatically over time? that would make some much more sense. i do applaud the president from putting chains cbi on the table. that is an absolute, absolute critical first step.
you have the debt ceiling coming at us now. the sequester continues to be the rusher in the back room that will force people into an agreement, i hope, on the bigger issue of entitlement reform. senator conrad? >> i agree with that entirely. it was designed to be a forcing mechanism. i think over time it will prove to be one, especially with the need to extend the debt limit. that creates an opportunity. the great thing about washington is opportunities keep coming around. shame on us if...
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May 6, 2013
05/13
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every governor but one has the and we have very limited debt ceilings. i cannot print money, i cannot borrow. we have a self-imposed 5% debt limit in virginia. fiscallyhat is very prudent. for president clinton. he is the only one that had a debt reduction and i really think that that helps. but the point is, we have over- spent and over-borrowed essentially for three decades. if we do not have the significant rethinking of how in> do you think the people the country are going to accept security and medicare? >> if you explain what the options are, which is the masses spiraling and increase of debt of $1 trillion, it is unacceptable to continue to level that on to your kids and generations. look, americans in times of trouble have always been willingthat is what my mother and generation. sacrifice is inherent in the american psyche, but you have to be able to explain why. and that it is going to result in a greater good. the greater good is the united states of america. >> let me ask you about another in this country. do you support that act? >> i have n
every governor but one has the and we have very limited debt ceilings. i cannot print money, i cannot borrow. we have a self-imposed 5% debt limit in virginia. fiscallyhat is very prudent. for president clinton. he is the only one that had a debt reduction and i really think that that helps. but the point is, we have over- spent and over-borrowed essentially for three decades. if we do not have the significant rethinking of how in> do you think the people the country are going to accept...